Meredith to Acquire Time Inc. Creates Premier Media and Marketing Company Serving 200 Million American Consumers
|
|
- Lester Hopkins
- 6 years ago
- Views:
Transcription
1 Meredith to Acquire Time Inc. Creates Premier Media and Marketing Company Serving 200 Million American Consumers UBS 45 th Annual Global Media & Communications Conference December 5,
2 FORWARD-LOOKING STATEMENTS & SAFE HARBOR This presentation contains forward-looking statements. You can generally identify forward-looking statements by the use of forward-looking terminology such as anticipate, believe, continue, could, estimate, expect, explore, evaluate, intend, may, might, plan, potential, predict, project, seek, should, or will, or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Meredith s, purchaser s and Time s control. Statements in this document regarding Meredith, purchaser, and Time Inc. that are forward-looking, including, without limitation, projections as to the anticipated benefits of the proposed transaction, the methods that will be used to finance the transaction, the impact of the transaction on anticipated financial results, the synergies from the proposed transaction, and the closing date for the proposed transaction, are based on management s estimates, assumptions and projections, and are subject to significant uncertainties and other factors, many of which are beyond the control of Meredith, purchaser and Time Inc. Important risk factors could cause actual future results and other future events to differ materially from those currently estimated by management, including, but not limited to: the timing to consummate the proposed transaction; the risk that a condition to closing of the proposed transaction may not be satisfied and the transaction may not close; any failure to obtain equity or debt financing; the risk that a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated; the ability to achieve the synergies and value creation contemplated by the proposed transaction; management s ability to promptly and effectively integrate the businesses of the two companies; and the diversion of management time on transaction-related issues. For more discussion of important risk factors that may materially affect Meredith, purchaser and Time Inc, please see the risk factors contained Meredith s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, and Time Inc. s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, both of which are on file with the SEC. Except as specifically noted, information on, or accessible from, any website to which this website contains a hyperlink is not incorporated by reference into this website and does not constitute a part of this website. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do occur, what impact they will have on the results of operations, financial condition or cash flows of Meredith, purchaser or Time Inc. None of Meredith, purchaser or Time Inc. assumes any duty to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, as of any future date. 2
3 ADDITIONAL INFORMATION The offer has not yet commenced, and this communication is neither an offer to purchase nor a solicitation of an offer to sell any shares of the common stock of Time Inc. or any other securities. On the commencement date of the offer, a tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and related documents, will be filed with the SEC by purchaser and a Solicitation/Recommendation Statement on Schedule 14D-9 will be filed with the SEC by Time Inc. The offer to purchase shares of Time Inc. s common stock will only be made pursuant to the offer to purchase, the letter of transmittal and related documents filed as a part of the Schedule TO. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ BOTH THE TENDER OFFER STATEMENT AND THE SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE OFFER, AS THEY MAY BE AMENDED FROM TIME TO TIME, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The tender offer statement will be filed with the SEC by purchaser, and the solicitation/recommendation statement will be filed with the SEC by Time Inc. Investors and security holders may obtain a free copy of these statements (when available) and other documents filed with the SEC at the website maintained by the SEC at or by directing such requests to the Information Agent for the offer, which will be named in the tender offer statement. 3
4 EXECUTIVE SUMMARY Executive Summary About Meredith About Time MDP + TIME Summary 4
5 STRATEGIC HIGHLIGHTS 1. Creates a premier media and marketing company Unparalleled portfolio of national media brands with greater scale and efficiency Highly profitable local media brands with record financial performance Top 10 digital business; 170 million monthly U.S. unique visitors; and nearly $700 million of digital ad revenue Delivers advertising and consumer revenue diversification and growth Enhances Meredith s financial strength and flexibility Increases Total Shareholder Return 2. Combined company generates significant revenue and EBITDA $4.8 billion in calendar 2016 revenue, including $2.7 billion of advertising revenue Approximately $800 million in calendar 2016 adjusted EBITDA, before synergies 3. Unlocks meaningful value via estimated $400 to $500 million in synergies Fully recognized in first two years of operations 4. Financially compelling combination Meredith remains committed to delivering top third Total Shareholder Return Meredith will continue to pay its current annual dividend of $2.08 per share, and expects ongoing annual dividend increases Capacity remains for additional acquisitions 5. Led by strong management team with expertise in operating multi-platform media businesses and proven track record in growing shareholder value Source: Company and comscore 5
6 COMBINED FINANCIAL PROFILE Calendar 2016 Revenue Mix Calendar 2016 EBITDA Mix Television Broadcasting 14% 26% Circulation Television Broadcasting 20% Digital & MXM 14% 8% Licensing & Other Print Advertising 33% 11% Licensing & Other 16% Digital & MXM 33% Combination Synergies 25% Print Advertising & Circulation Revenue: $4.8 billion (1) EBITDA: $1.2 billion (1,2) (1) Calendar 2016 actual results before special items for Meredith and Meredith estimates for Time (2) Assumes $400 million of cost synergies. 6
7 ABOUT MEREDITH Executive Summary About Meredith About Time MDP + TIME Summary 7
8 MEREDITH AT A GLANCE National Media Revenue: $1.1B EBITDA: $160M Local Media Revenue: $630M EBITDA: $253M WORKING WSM V -TV WSM V-DT NASHVILL E YOU Record Revenue and Profit in Fiscal 2017 Results for fiscal 2017 ended June 30, excluding special items 8
9 NATIONAL BRANDS POSSESS STRONG CONSUMER REACH 110 MILLION UNDUPLICATED WOMEN 90 MILLION UNIQUE VISITORS 70% REACH TO MILLENNIAL WOMEN 31% AD REVENUES FROM DIGITAL SOURCES FY
10 LOCAL BRANDS IN LARGE AND GROWING MARKETS #1 or 2 5 STATIONS IN PORTFOLIO STATIONS IN TOP 50 MARKETS MORNING or LATE NEWS IN 9 MARKETS DUOPOLY MARKETS WEST & SOUTHWEST: PHOENIX: MKT 12, CBS + IND PORTLAND: MKT 25, FOX + MyTV LAS VEGAS: MKT 40, FOX MIDWEST: ST. LOUIS: MKT 21, CBS KANSAS CITY: MKT 33, CBS + MyTV SAGINAW: MKT 72, CBS EAST & SOUTHEAST: ATLANTA: MKT 10, CBS + IND NASHVILLE: MKT 29, NBC HARTFORD: MKT 30, CBS GREENVILLE: MKT 37, FOX MOBILE: MKT 60, FOX SPRINGFIELD: MKT 114, CBS + ABC 10
11 ABOUT TIME Executive Summary About Meredith About Time MDP + TIME Summary 11
12 TIME AT A GLANCE Revenue: $3.1B Adjusted OIBDA: $414M Calendar 2016 results 12
13 TIME IS A LEADER ACROSS PLATFORMS Largest reach among publishers, with readership of 100 million National brands Some of the industry s most iconic brands, including Time, Sports Illustrated People has No. 1 audience and No. 1 ad revenue among U.S. magazines InStyle is the world s leading luxury fashion brand Other brands leaders in their categories Digital Top digital content creator with nearly 140 million U.S. unique visitors per month Approximately 10 billion video views per year 275 million global social media reach Key Ancillary Businesses Content Solutions: Custom content and video creation for leading brands Books: Creates and leverages editorial content across platforms Retail: Drives brand awareness, engagement, and retail activation Synapse: Leading marketer of magazine subscriptions in the U.S. Custom Services: Leader in magazine fulfillment national Hundreds of events annually 30 million subscribers Source for digital data points: comscore 13
14 MEREDITH + TIME Executive Summary About Meredith About Time MDP + TIME Summary 14
15 NATION S LEADING MULTI-PLATFORM MEDIA COMPANY STRONG & ENDURING NATIONAL MEDIA BRANDS LEADING LOCAL MEDIA BRANDS DIGITAL PLATFORM OF SCALE #1 owner of trusted and vibrant multiplatform brands, including five of industry s Top 10. #1 national media audience (200 million), reach to women (115 million) and reach to millennial women (85%) #1 in desirable ad categories, including Lifestyle, Food, Home, Parenting Strong consumergenerated revenue activities, including auto-renewing magazine subscriptions, highmargin brand licensing, ecommerce, events and content management 17 television stations reaching 11% of households in U.S. Concentrated portfolio with highly profitable duopolies in 5 of 12 markets Focused on large and mid-size markets that are growing faster than U.S. average Stations are local leaders, with No. 1 or No. 2 audience position at morning or late news in most markets Top 10 digital operator (+170mm U.S. monthly UVs) #1 in Lifestyle and Food #1 for Millennials Social: Reach to more than 275 million Video: More than 10 billion views per year million addressable accounts/device IDs Source for digital data points: comscore 15
16 THE No. 1 OWNER OF PREMIUM NATIONAL MEDIA BRANDS 200 MILLION UNDUPLICATED CONSUMERS 85% REACH TO MILLENNIAL WOMEN 170 MILLION UNIQUE VISITORS 34% AD REVENUES FROM DIGITAL SOURCES (1) Trailing 12 months ended Sept
17 HIGHLY PROFITABLE STATIONS IN LARGE & GROWING MARKETS Most Stations are Big 4 Affiliates and Ranked #1 or #2 Operating Profit 15% CAGR $163 $158 $ $124 $ FY13 FY14 FY15 FY16 FY17 Independent Delivered record revenue and profit in FY17 Achieved 40% EBITDA margin in FY17 $ in millions 17
18 COMBINATION SUPPORTS DIGITAL STRATEGY Branded Experiences Audience Scale First-Party Data, Insights & Analytics Ad Technology Platforms #6 in U.S. UVs (1) #1 in Lifestyle, Food and Millennial Women 250M U.S. profiles 113M HHs mapped by IP address Native Segmentation and Targeting Programmatic Shopper Marketing Ad Revenue Diversification & Growth $700 million in annual digital ad revenue Well-positioned for strongest growing advertising platforms and categories Consumer Revenue Growth 60 million subscribers Growth opportunities for digital subscriptions, bundling, commerce, licensing, and events (1) comscore 18
19 DIGITAL PLATFORM OF SCALE +170 million U.S. monthly unique visitors #1 network for women and millennials Depth and scale across all key content and ad categories, including lifestyle and food Achieve video scale with more than 10 billion annual views First party data drives unique and actionable insights/analytics $700 million of digital advertising revenue across diverse streams Unparalleled suite of brands Proprietary advertising technology delivering strong results Unique Visitors in the U.S. Company Sept-17 1 Google Sites Yahoo Sites / AOL, Inc Facebook Microsoft Sites Amazon Sites Meredith + Time Comcast NBCUniversal CBS Interactive Apple Inc Turner Digital Time Inc USA Today Network Weather Company, The Twitter LinkedIn Hearst Wikimedia Foundation Sites Source: comscore, # s in millions 19
20 DIGITAL PLATFORM & CAPABILITIES ALIGNED WITH KEY GROWTH AREAS Native and Engagement Advertising Video Programmatic Social +10B views 275M reach Strong Facebook, Instagram, Snapchat and Twitter presences Segmentation and Targeting Shopper Marketing Consumer Revenue Mobile 250M consumers 60M subscribers Brand Licensing world s No. 2; Affiliate marketing/ ecommerce Mobile-First These platforms represent the fastest growing areas of digital 20
21 ADDITIONAL VALUE DRIVERS Print opportunities Consumer and Diversified opportunities Improved advertising performance More robust consumer marketing initiatives, including subscription bundling Monetization opportunities related to content creation Additional vendor synergies The combined portfolio enhances Meredith s ability to aggressively grow consumer-generated revenue streams: Brand licensing Affiliate marketing and e-commerce Events New paid products Strengthens competitive position for marketing services 21
22 TRANSACTION AT A GLANCE Definitive Agreement Terms Time shareholders to receive $18.50 per share in cash Transaction enterprise value is $2.8 billion, including $900 million of net Time debt as of Sept. 30, Shareholders Benefit Maximizes value and delivers immediate and certain cash value to Time shareholders. Accretive to free cash flow in first year of operations Meredith remains committed to delivering top third Total Shareholder Return Meredith will continue to pay its current annual dividend of $2.08 per share, and expects ongoing annual dividend increases Leverage / Capital Structure & Financing Meredith has secured $3.55 billion in fully committed debt financing, including a $350 million undrawn revolving credit facility, from RBC Capital Markets, Credit Suisse, Barclay s and Citigroup Global Markets Inc. to support the transaction Meredith has secured $650 million in preferred equity investment from Koch Equity Development Following the close of the transaction, the Company is expected to have a B+/B1 Corporate Family Rating, with a pro-forma leverage of 2.9x including expected synergies Meredith is committed to de-levering, with leverage expected to decline to approximately 2x by CY2020 Synergies Estimated annual cost savings of $400 to $500 million delivered in first two years of operations Divestitures Proceeds from non-core brands/businesses identified for divestiture by Time Meredith will conduct further analysis to optimize the combined portfolio going forward Approvals / Closing Unanimously approved by Boards of Directors of both companies Expected to close in the first quarter of calendar 2018 Subject to regulatory approvals and customary closing conditions 22
23 COST SYNERGY ESTIMATES Public company and duplicative expenses Real estate and vendor contracts Two Years (range) $240 $300 $80 $100 Circulation, fulfillment and other $80 $100 Total EBITDA opportunity $400 $500 $ in millions Source: Company management. 23
24 Priority COMMITMENT TO STRONG CAPITAL STEWARDSHIP AND DELIVERING TOP THIRD TOTAL SHAREHOLDER RETURN Continued commitment to returning cash to shareholders via dividends Debt repayment and liability management in the near-term, fueled by: Strong EBITDA Leverage target of approximately 2x by CY2020 Accretive acquisitions at attractive valuations with strong synergies Selective share repurchases 24
25 SUMMARY Executive Summary About Meredith About Time MDP + TIME Summary 25
26 SUMMARY 1. Creates a premier media and marketing company with leading national brands and strong local media properties that generate significant and consistent cash flow 2. Unlocks significant value via estimated $400 to $500 million in synergies 3. Generates significant Revenue, EBITDA and Total Shareholder Return 4. Capacity remains for additional acquisitions 5. Led by strong management team with expertise at operating multi-platform media businesses and proven track record at creating shareholder value 26
27 Meredith to Acquire Time Inc. Creates Premier Media and Marketing Company Serving 200 Million American Consumers UBS 45 th Annual Global Media & Communications Conference December 5,
Meredith to Acquire Time Inc. Creates Premier Media and Marketing Company Serving 200 Million American Consumers.
Meredith to Acquire Time Inc. Creates Premier Media and Marketing Company Serving 200 Million American Consumers November 27, 2017 1 FORWARD-LOOKING STATEMENTS & SAFE HARBOR This presentation contains
More informationUBS 46 th Annual Global Media and Communications Conference
UBS 46 th Annual Global Media and Communications Conference FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements that are subject to risks and uncertainties. These statements
More informationMeredith Reports Fiscal 2019 Second Quarter And First Half Results And Issues Early Calendar 2019 Advertising Outlook
NEWS RELEASE Meredith Reports Fiscal 2019 Second Quarter And First Half Results And Issues Early Calendar 2019 Advertising Outlook 2/11/2019 Record $102 Million of Political Advertising Drives First-Half
More informationMeredith Reports Fiscal 2018 Full Year And Fourth Quarter Results
NEWS RELEASE Meredith Reports Fiscal 2018 Full Year And Fourth Quarter Results 8/10/2018 Full Year Revenues Increase More Than 30 Percent to Over $2.2 billion Digital Business Generates Record Tra c and
More informationFORM 8-K MEREDITH CORPORATION
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationA Superior Cash Proposal for Sky. Tuesday, February 27
A Superior Cash Proposal for Sky Tuesday, February 27 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
More informationAcquisition of Tribune Media Company. Enhancing Nexstar s Position as North America s Leading Local Media Company
Acquisition of Tribune Media Company Enhancing Nexstar s Position as North America s Leading Local Media Company D e c e m b e r 3, 2018 Disclaimer Forward-Looking Statements This Presentation includes
More informationThe following information contains, or may be deemed to contain, "forward-looking statements" (as defined in the U.S. Private Securities Litigation
Safe Harbor The following information contains, or may be deemed to contain, "forward-looking statements" (as defined in the U.S. Private Securities Litigation Reform Act of 995). Any statements about
More informationMeredith Reports Fiscal 2018 Third Quarter And Nine Month Results
NEWS RELEASE Meredith Reports Fiscal 2018 Third Quarter And Nine Month Results 5/10/2018 Company Sets Goal of $1 Billion of Debt Reduction in Fiscal 2019 and $1 Billion of EBITDA in Fiscal 2020 Third Quarter
More informationGannett Company Overview
Gannett Company Overview February 2016 Forward-Looking Statements Certain statements in this presentation may be forward looking in nature or constitute forwardlooking statements as defined in the Private
More informationGannett Company Overview
Gannett Company Overview August 2015 Forward-Looking Statements Certain statements in this presentation may be forward looking in nature or constitute forwardlooking statements as defined in the Private
More informationShareholders Expected to Benefit from a Number of Outcomes
Shareholders Expected to Benefit from a Number of Outcomes Benefits for Shareholders F I N A N C I A L S U P P L E M E N T Enhanced competitive positioning Low- to mid-single digit accretion in the second
More informationSafe Harbor Caution Concerning Forward-Looking Statements Non-GAAP Financial Measures Important Information For Investors And Shareholders
February 13, 2014 Safe Harbor Caution Concerning Forward-Looking Statements Certain statements in this communication regarding the proposed acquisition of Time Warner Cable Inc. ( Time Warner Cable ) by
More informationW W E Q 4 A N D F U L L Y E A R R E S U LT S F E B R U A R Y 8,
W W E Q 4 A N D F U L L Y E A R 2 0 7 R E S U LT S F E B R U A R Y 8, 2 0 8 Forward-Looking Statements This presentation contains forward-looking statements pursuant to the safe harbor provisions of the
More informationFORWARD-LOOKING STATEMENTS
WWE INVESTOR PRESENTATION DECEMBER 2018 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of
More informationSYNNEX Concentrix Division Announces the Acquisition of Convergys
Filed by SYNNEX Corporation pursuant to Rule 425 under the Securities Act of 1933, as amended and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, as amended Subject Company:
More informationGannett. Company Overview July 2016
Gannett Company Overview July 2016 FORWARD-LOOKING STATEMENTS Certain statements in this presentation may be forward looking in nature or constitute forward-looking statements as defined in the Private
More informationInvestor Presentation January 24, 2019
Investor Presentation January 24, 2019 Safe Harbour Disclosure: Forward-looking Information 2 Leading Canadian Media and Content Company Great portfolio of assets Leader in Canadian broadcasting Powerful
More informationNLSN 4Q and FY 2011 Investor Presentation
NLSN 4Q and FY 2011 Investor Presentation Forward Looking Statements The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects, in the meaning
More informationWWE INVESTOR PRESENTATION
WWE INVESTOR PRESENTATION FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which
More informationMaxim Integrated to Acquire Volterra Semiconductor. August 15, 2013
Maxim Integrated to Acquire Volterra Semiconductor August 15, 2013 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of
More informationWWE INVESTOR PRESENTATION
WWE INVESTOR PRESENTATION FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which
More informationImportant Information for Investors and Stockholders
March 1, 2010 Important Information for Investors and Stockholders This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any
More informationSunTrust 2018 Internet & Digital Media Conference. May 8, 2018
SunTrust 2018 Internet & Digital Media Conference May 8, 2018 SAFE HARBOR STATEMENT This presentation is for informational purposes only and is not an offer to sell securities or a solicitation of an offer
More information2018 TRONC, INC. ALL RIGHTS RESERVED
2018 TRONC, INC. ALL RIGHTS RESERVED Disclaimer The statements contained in this presentation include certain forward-looking statements that are based largely on the current expectations of tronc, Inc.
More informationNEXSTAR BROADCASTING FIRST QUARTER NET REVENUE RISES 34.2% TO A RECORD $112.2 MILLION
News Announcement For Immediate Release NEXSTAR BROADCASTING FIRST QUARTER NET REVENUE RISES 34.2% TO A RECORD $112.2 MILLION - Net Revenue Growth Drives 1Q Operating Income of $17.8 Million, Adjusted
More informationNEXSTAR MEDIA GROUP THIRD QUARTER NET REVENUE RISES 122% TO A RECORD $611.9 MILLION
NEXSTAR MEDIA GROUP THIRD QUARTER NET REVENUE RISES 122% TO A RECORD $611.9 MILLION Net Revenue Growth Drives Record 3Q Operating Income of $129.1 Million and Net Income of $42.1 Million Record BCF of
More informationWWE INVESTOR PRESENTATION
WWE INVESTOR PRESENTATION FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which
More informationDeutsche Bank 24 th Annual Media, Internet & Telcom Conference. March 8, 2016
Deutsche Bank 24 th Annual Media, Internet & Telcom Conference March 8, 2016 Safe Harbor for Forward-Looking Statements Certain statements in this presentation are forward-looking statements within the
More informationGRANITE CONSTRUCTION TO ACQUIRE LAYNE CHRISTENSEN
GRANITE CONSTRUCTION TO ACQUIRE LAYNE CHRISTENSEN A PLATFORM FOR GROWTH FEBRUARY 2018 Safe Harbor Forward Looking Statements All statements included or incorporated by reference in this communication,
More informationInvestor Presentation. November 2017
Investor Presentation November 2017 Our Mission We build platforms for communities of creators to reach passionate audiences in large and growing lifestyle categories. 2 Our Portfolio Media Marketplaces
More informationInvestor Presentation. May 2017
Investor Presentation May 2017 Disclaimers This document and any related oral presentation does not constitute an offer or invitation to subscribe for, purchase or otherwise acquire any debt or equity
More informationInvestor Presentation. RBC Capital Markets TMT Deep Dive Conference November 14, 2017
Investor Presentation RBC Capital Markets TMT Deep Dive Conference November 14, 2017 Safe Harbour Disclosure - Forward-looking Information 2 Leading Canadian Media and Content Company Great portfolio of
More informationjuly 2012 CEB to Acquire SHL Compelling Value Creation, Growth, and Scale Opportunity
july 2012 CEB to Acquire SHL Compelling Value Creation, Growth, and Scale Opportunity Safe Harbor Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities
More informationINVESTOR PRESENTATION. December 2018
INVESTOR PRESENTATION December 2018 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN, we, our, and us ) that involve risks,
More informationNEXSTAR MEDIA GROUP SECOND QUARTER NET REVENUE RISES 5.5% TO A RECORD $660.3 MILLION
NEXSTAR MEDIA GROUP SECOND QUARTER NET REVENUE RISES 5.5% TO A RECORD $660.3 MILLION Net Revenue Growth Drives Record 2Q Operating Income of $174.5 Million and Net Income of $86.6 Million Record 2Q BCF
More informationInvestor Presentation: ROTH Conference. March 2017
Investor Presentation: ROTH Conference March 2017 Disclaimers This document and any related oral presentation does not constitute an offer or invitation to subscribe for, purchase or otherwise acquire
More informationBEASLEY BROADCAST GROUP REPORTS THIRD QUARTER NET REVENUE RISES 5.6% TO $27.7 MILLION; DILUTED EPS OF $0.07
Conference Call and Webcast Today, November 2, 2016 at 10:00 a.m. ET 719/325-4798, conference ID 2675855 or www.bbgi.com Replay information provided below NEWS ANNOUNCEMENT For Immediate Release CONTACT:
More informationNEXSTAR MEDIA GROUP FIRST QUARTER NET REVENUE RISES 13.9% TO A RECORD $615.3 MILLION
Exhibit 99.1 NEXSTAR MEDIA GROUP FIRST QUARTER NET REVENUE RISES 13.9% TO A RECORD $615.3 MILLION Net Revenue Growth Drives Record 1Q Operating Income of $117.6 Million and Net Income of $47.3 Million
More informationWilliam Blair Growth Stock Conference. June 13, 2012
NLSN @ William Blair Growth Stock Conference June 13, 2012 Forward Looking Statements The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects,
More informationTREMOR VIDEO. Jefferies 2017 Global Technology Conference. May 10, 2017
TREMOR VIDEO Jefferies 2017 Global Technology Conference May 10, 2017 SAFE HARBOR STATEMENT This presentation is for informational purposes only and is not an offer to sell securities or a solicitation
More informationDeutsche Bank 26 th Annual Leveraged Finance Conference. President & CEO, Mary Berner EVP, CFO & Treasurer, John Abbot.
Deutsche Bank 26 th Annual Leveraged Finance Conference President & CEO, Mary Berner EVP, CFO & Treasurer, John Abbot October 3, 2018 SAFE HARBOR STATEMENTS Forward-Looking Statements: Certain statements
More informationON Semiconductor to Acquire Fairchild Semiconductor. Investor Presentation November 18, 2015
ON Semiconductor to Acquire Fairchild Semiconductor Investor Presentation November 18, 2015 Safe Harbor Statement, Non-GAAP Financial Measure & Confidentiality This communication contains forward-looking
More informationINVESTOR PRESENTATION. March 2019
INVESTOR PRESENTATION March 2019 FORWARD-LOOKING STATEMENTS Some of the statements in this presentation constitute forward-looking statements about Sunoco LP ( SUN, we, our, and us ) that involve risks,
More informationPlease find attached Media Release for the financial half-year ended 26 December 2015.
17 February 2016 Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000 By electronic lodgment Total Pages: 6 (including covering letter) Dear Sir / Madam
More informationInvestor Presentation Q2 2017
Investor Presentation Q2 2017 Safe Harbor FORWARD-LOOKING STATEMENTS These slides and the accompanying oral presentation contain forward looking statements. All statements other than statements of historical
More information4th QUARTER AND FULL-YEAR 2018 RESULTS. January 23, 2019
4th QUARTER AND FULL-YEAR 2018 RESULTS January 23, 2019 Important Information Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the
More informationTIME INC. REPORTS THIRD QUARTER 2017 RESULTS. Operating Income Grows to $51 Million and Adjusted OIBDA Grows 15% Year-Over-Year to $115 Million
TIME INC. REPORTS THIRD QUARTER 2017 RESULTS Operating Income Grows to $51 Million and Adjusted OIBDA Grows 15% Year-Over-Year to $115 Million Generated 36% of Revenues from Digital and Brand Extensions
More informationSINCLAIR REPORTS FIRST QUARTER 2015 FINANCIAL RESULTS REPORTS $0.25 DILUTED EARNINGS PER SHARE DECLARES $0.165 QUARTERLY DIVIDEND PER SHARE
News Release Contact: Chris Ripley, Chief Financial Officer Lucy Rutishauser, SVP-Corporate Finance & Treasurer (410) 568-1500 SINCLAIR REPORTS FIRST QUARTER 2015 FINANCIAL RESULTS REPORTS $0.25 DILUTED
More informationSNAP INTERACTIVE, INC. Third Quarter 2017 Earnings Call November 7, 2017
SNAP INTERACTIVE, INC. Third Quarter 2017 Earnings Call November 7, 2017 SAFE HARBOR This presentation is for discussion purposes only. The material is based upon information that we consider reliable,
More informationEVINE Live Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More information4370 Peachtree Road, NE, Atlanta, GA P F
NEWS RELEASE Gray Reports Record Operating Results for the Quarter Ended September 30, 2018 Atlanta, Georgia November 6, 2018... Gray Television, Inc. ( Gray, we, us or our ) (NYSE: GTN) today announces
More informationAcquisition of Dealer Inspire and Launch Digital Marketing
Acquisition of Dealer Inspire and Launch Digital Marketing Investor Presentation February 14, 2018 Forward Looking Statements This presentation contains forward looking statements within the meaning of
More informationDREXEL HAMILTON CONFERENCE SEPTEMBER 10, 2015
Shenandoah Telecommunications Company DREXEL HAMILTON CONFERENCE SEPTEMBER 10, 2015 NASDAQ: SHEN Safe Harbor Statement This presentation includes forward-looking statements within the meaning of Section
More informationESTABLISHING A GLOBAL LEADER IN WORKWEAR 1. August 14, 2017
ESTABLISHING A GLOBAL LEADER IN WORKWEAR 1 August 14, 2017 FORWARD-LOOKING STATEMENTS Certain statements included in this presentation are "forward-looking statements" within the meaning of the federal
More informationA Superior Proposal for 21 st Century Fox Shareholders JUNE 13, 2018
A Superior Proposal for 21 st Century Fox Shareholders JUNE 13, 2018 2 Important information Cautionary Statement Regarding Forward-Looking Statements This press release contains statements which are,
More informationCreating a New Retail Leader in Food, Pharmacy, Health and Beauty. October 2, 2017
Creating a New Retail Leader in Food, Pharmacy, Health and Beauty October 2, 2017 Forward Looking Statement Today's presentation contains different statements that could be construed as being forward-looking
More informationACQUISITION OF THOMSON REUTERS CORPORATE SERVICES DECEMBER 12, 2012
ACQUISITION OF THOMSON REUTERS CORPORATE SERVICES DECEMBER 12, 2012 Cautionary Note Regarding Forward-Looking Statements Information set forth in this communication contains forward-looking statements
More informationBusiness Overview March 2018
Business Overview March 2018 Safe Harbor Disclosure and Definitions This presentation contains forward-looking statements. The use of words such as "anticipates," "estimates," "expects," "plans" and "believes,"
More informationF O U R T H Q U A R T E R R E S U L T S February 6, 2018
F O U R T H Q U A R T E R 2 0 1 7 R E S U L T S February 6, 2018 Safe Harbor for Forward-Looking Statements Certain statements in this presentation are forward-looking statements within the meaning of
More informationSUMMARY. Risk Level * A 361 A 370 A 387 A 1,471 A A 354 A 367 A 391 A 1,469 A A 399 A 401 E 437 E 1,606 E ,627 E
March 20, 2015 Meredith Corporation Current Recommendation Prior Recommendation Neutral Date of Last Change 12/22/2014 Current Price (03/19/15) $56.08 Target Price $62.00 SUMMARY DATA OUTPERFORM 52-Week
More informationFTD Group, Inc. FTD Companies, Inc. Acquisition of Provide Commerce Supplemental Presentation
FTD Group, Inc. FTD Companies, Inc. Acquisition of Provide Commerce Supplemental Presentation July 30, 2014 Forward-Looking Statements and Risk Factors This presentation contains certain forward-looking
More informationStrategic Joint Venture Between McGraw-Hill and CME Group Investor Presentation. November 4, 2011
Strategic Joint Venture Between McGraw-Hill and CME Group Investor Presentation November 4, 2011 Donald S. Rubin Senior Vice President, Investor Relations The McGraw-Hill Companies John Peschier Managing
More informationThomas J. McInerney EVP and Chief Financial Officer. March 2007
Thomas J. McInerney EVP and Chief Financial Officer March 2007 Building Businesses Across the Consumer Spectrum Retailing Services Media Membership For financial reporting purposes, Gifts and Pronto are
More informationStrategy 2013 highlights. Business. segments
1 1 2 3 4 2014 Full-year Group Business Outlook 2014 Strategy 2013 highlights financials segments update 2 1 2 3 4 Revenue Cash conversion rate YoY growth: +6.9% EBITA Margin YoY growth: +4.7% Reported
More informationAccelerating Category Leadership. May 1, 2017
Accelerating Category Leadership May 1, 2017 1 Cautionary Statement Regarding Forward-Looking Information The information presented herein may contain forward-looking statements within the meaning of the
More informationFiscal 2018 Third Quarter Earnings Conference Call. Wednesday, June 27, a.m. ET
Fiscal 2018 Third Quarter Earnings Conference Call Wednesday, June 27, 2018 8 a.m. ET Safe Harbour Disclosure Forward-looking Statements This presentation contains forward-looking information and should
More informationInvestor Presentation May 2017
Investor Presentation May 2017 Safe Harbour Disclosure - Forward-looking Statements 2 Leading Canadian Media and Content Company Great portfolio of assets Leader in Canadian broadcasting Globally recognized
More informationNEXSTAR MEDIA GROUP THIRD QUARTER NET REVENUE RISES 13.3% TO A RECORD $693.4 MILLION
NEXSTAR MEDIA GROUP THIRD QUARTER NET REVENUE RISES 13.3% TO A RECORD $693.4 MILLION Net Revenue Growth Drives Record 3Q Operating Income of $192.9 Million and Net Income of $99.8 Million Record 3Q BCF
More informationI N V E S T O R P R E S E N T A T I O N
A U G U S T 2 0 1 6 S T E F A N J O S E L O W I T Z, C E O I N V E S T O R P R E S E N T A T I O N Forward looking statements 2 Safe Harbor Statement This presentation includes forward-looking statements,
More informationGoldman Sachs Communacopia Conference. September 19, 2012
NLSN @ Goldman Sachs Communacopia Conference September 19, 2012 Forward Looking Statements The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects,
More information+ September 12, 2017
+ September 12, 2017 Safe Harbor Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This document contains certain forward-looking statements with respect to the financial condition, results
More informationCONTACT: B. Caroline Beasley Joseph Jaffoni, Jennifer Neuman Chief Executive Officer
Conference Call and Webcast Today, March 21, 2017 at 10:00 a.m. ET 719/325-4772, conference ID 6911994 or www.bbgi.com Replay information provided below NEWS ANNOUNCEMENT For Immediate Release CONTACT:
More informationBank of America Growing Relationships
Bank of America Growing Relationships Liam McGee President Global Consumer & Small Business Banking UBS Financial Services Conference May 16, 2006 Forward Looking Statements This presentation contains
More information2 nd QUARTER 2016 RESULTS. July 27, 2016
2 nd QUARTER 2016 RESULTS July 27, 2016 Safe Harbor Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation
More informationCBS CORPORATION LAUNCHES EXCHANGE OFFER TO SPLIT-OFF CBS RADIO
October 19, 2017 CBS CORPORATION LAUNCHES EXCHANGE OFFER TO SPLIT-OFF CBS RADIO Combination of CBS Radio and Entercom Will Create Scale and Reach across the U.S., Including 22 of the Top 25 Markets New
More informationSS&C Technologies (NASDAQ:SSNC) Investor Presentation February 2015
SS&C Technologies (NASDAQ:SSNC) Investor Presentation February 2015 Safe Harbor Statement Safe Harbor Statement This presentation includes forward-looking statements that are based on the current expectations
More informationA Winning Combination: Creating a Consumer Goods Powerhouse
A Winning Combination: Creating a Consumer Goods Powerhouse December 14, 2015 Forward-Looking Statements Statements in this presentation that are not historical in nature constitute forward looking statements.
More informationCreating Value by Accelerating Transformation & Growth
Creating Value by Accelerating Transformation & Growth Univar Announces Agreement to Acquire Nexeo September 17, 2018 1 2018 Univar, Inc. All rights reserved. Forward-Looking Statements This communication
More informationIntercontinentalExchange to Acquire NYSE Euronext For $33.12 Per Share in Stock and Cash, Creating Premier Global Market Operator
IntercontinentalExchange to Acquire NYSE Euronext For $33.12 Per Share in Stock and Cash, Creating Premier Global Market Operator Business Wire 20 December 2012 - Supports transformative opportunities
More informationRBC Capital Markets 2009 Technology, Media & Communications Conference
RBC Capital Markets 2009 Technology, Media & Communications Conference San Francisco, CA Brent Whittington, Executive Vice President and CFO June 10, 2009 Safe Harbor Statement Safe Harbor Statement Windstream
More informationGoldman Sachs 26 th Annual Communacopia Conference. September 12, 2017
Goldman Sachs 26 th Annual Communacopia Conference September 12, 2017 Safe Harbor Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning
More informationAssurant and The Warranty Group: Creating a Leading Global Lifestyle Provider
Assurant and The Warranty Group: Creating a Leading Global Lifestyle Provider 1 Safe Harbor Statement Some of the statements included in this presentation, particularly those with respect to the proposed
More informationStröer SE & Co. KGaA. Salesforce Briefing October 2016
Ströer SE & Co. KGaA Salesforce Briefing October 2016 STRÖER #1 in OOH & DIGITAL Ströer: Focus on highest growing Ad Sub Segments Video ca. +20% Display/Mobile ca. 6% OoH ca. +6% Radio / TV Magazines Newspaper
More informationTIME INC. (Name of Subject Company) TIME INC. (Name of Person Filing Statement)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14D-9 SOLICITATION/RECOMMENDATION STATEMENT UNDER SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934 TIME INC. (Name of Subject Company)
More informationB. Riley Investor Conference. May 23, 2018
B. Riley Investor Conference May 23, 2018 About This Presentation Safe Harbor Statement This presentation includes forward-looking statements (statements which are not historical facts) within the meaning
More informationRaymond James 37 th Annual Institutional Investors Conference. March 8, 2016
Raymond James 37 th Annual Institutional Investors Conference March 8, 2016 Forward-looking statements and Non-GAAP financial measures Forward-looking statements Certain statements included in this presentation,
More informationBroadview Networks Holdings, Inc. Company Overview
Broadview Networks Holdings, Inc. Company Overview Quarter Ended March 31, 2017 Broadview Networks Holdings, Inc. Safe Harbor Statement This presentation may contain forward-looking statements, including
More informationFORWARD-LOOKING STATEMENTS
WWE Q4 AND FULL YEAR 208 RESULTS FEBRUARY 7, 209 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform
More informationTD Ameritrade to acquire Scottrade
TD Ameritrade to acquire Scottrade Combination enhances scale, accelerates growth Tim Hockey, President and CEO Steve Boyle, EVP and CFO October 24, 2016 TD Ameritrade Holding Corporation (Nasdaq: AMTD).
More informationMSCI. Raymond James 38 th Annual Institutional Investors Conference. Kathleen Winters, CFO. March 8, 2017
MSCI Raymond James 38 th Annual Institutional Investors Conference Kathleen Winters, CFO March 8, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. FORWARD
More informationW W E I N V E S T O R P R E S E N TAT I O N - J A N U A R Y
W W E I N V E S T O R P R E S E N TAT I O N - J A N U A R Y 2 0 1 7 Forward-Looking Statements This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities
More informationInvestor Update September / October 2017
Investor Update September / October 2017 [Beacon logo] Forward Looking Statements and Non-GAAP Measures This presentation contains forward-looking statements within the meaning of the Private Securities
More informationCOMCAST REPORTS 1st QUARTER 2017 RESULTS
PRESS RELEASE COMCAST REPORTS 1st QUARTER 2017 RESULTS Consolidated 1st Quarter 2017 Highlights: Consolidated Revenue Increased 8.9%; Net Income Attributable to Comcast Increased 20.2%; Adjusted EBITDA
More informationSecond Quarter 2018 Investor Presentation, August 9, 2018
Second Quarter 2018 Investor Presentation, August 9, 2018 Statement of Caution Under the Private Securities Litigation Reform Act of 1995 This document contains forward-looking statements within the meaning
More informationInvestor Presentation. March 2016
Investor Presentation March 2016 Safe Harbor Statement This presentation includes forward-looking statements (statements which are not historical facts) within the meaning of the Private Securities Litigation
More informationThird Quarter 2018 Earnings Presentation
Third Quarter 2018 Earnings Presentation 1 Safe Harbor Statement This document may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
More informationTime Inc.'s Digital Advertising Revenue Increased 63% in the Third Quarter
Time Inc.'s Digital Advertising Revenue Increased 63% in the Third Quarter Time Inc.'s Year-Over-Year Audience Growth Continues to Be Significant with Video UVs up 38% and Social Media Footprint up 45%*
More informationOCT. Deutsche Bank s 25th Annual Leveraged Finance Conference
OCT Deutsche Bank s 25th Annual Leveraged Finance Conference 3 2017 SAFE HARBOR FORWARD LOOKING STATEMENTS The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking
More information3 rd QUARTER 2016 RESULTS. October 26, 2016
3 rd QUARTER 2016 RESULTS October 26, 2016 Safe Harbor Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation
More information